jeff hensley, republican from texas. mr. chairman, welcome back. i think bernanke is going to defend his policies to the hill, and what i'm very interested is in how is your attitude? this will be your first new real committee ben bernanke experience. will you tangle with him? do you disagree with his easy moneys? >> i'm not sure i would use the word "tangle." i have the greatest am of respect for chairman bernanke. but whether we're on qe-3 or qe-33 or qe-infinity, i feel that the marginal benefit of a policy is almost negligible. the risk of incredibly high inflation or possibly bringing us in to a next recession. possibly bernanke could prove to be chairman houdini and unwind this at exactly the right time. but i have doubts. to get economic growth, it's not a monetary policy challenge we have today. it has everything to do with too many taxes, dumb regulation, vilifying success in washington, and lots of uncertainty about the national debt. >> all right. i know you're right, but he's going to make two arguments and i want to get your quick take